dollar

A collection of 2 posts

Forint recovers as Gazprom grants Hungary gas payment deferral

2 min read Hungary, Ukraine, dollar, euro, forint, Gazprom

The forint rebounded against both the US dollar and euro late Monday, on news that Russian-state-run energy company Gazprom has agreed not to collect payment on Hungary’s gas usage this winter. As per the deal, announced by the Hungarian Energy Board MVM earlier Monday, Hungary can delay payment for

Forint slumps to all-time lows against euro, dollar

2 min read Economy, Hungary, Poland, currency, dollar, euro, forint, zloty

As national currencies shed value across Central and Eastern Europe (CEE) on Thursday, the Hungarian forint fell hardest, to historic lows of 423 to the euro and 437 to the US dollar. The forint led a slump in eastern European financial markets as worries over the fallout from Russia’s